YSDN 2102 Study Guide - Midterm Guide: Hishikawa Moronobu, Hokusai, Utamaro
Document Summary
Power, steam and the mechanization of production - the industrial revolution. Marxism (marx"s theories about society, economics, and politics) Holds that human societies develop through class struggle. Labour is considered a commodity there is a disconnect when we sell our own labour for the needs of others. Best known for economic theories (keynesian economics) on causes of prolonged unemployment. Ideas fundamentally changed theory and practice of macroeconomics. Division of labour different roles in lines of production and authority. The invisible hand leave the economy alone, it will regulate itself. The rights of individuals is more important than the desires of the state. Empiricist (thinking of economy etc, in scientific ways) Value and price linking to price and demand. Social contract theory individuals have consented to give some part of their freedom for other freedoms. Origin of the species (established that species evolved and branched from previous evolution as a scientific fact) Abolition of slavery - all mankind is equal.